Like
millions of others, I watched this Wall Street financial meltdown and
to use an old cliché, “I think something is rotten in Denmark!”
The more confusion, the more profit and the easier it may be to ease
us into a one- world currency or the cashless society.

The
first thing we heard earlier this year was that thousands of homes had
gone into foreclosure due to the subprime loans affecting the liquidity
of financial institutions. The Community Reinvestment Act required banks
to make loans in all areas of their communities, even the lowest income
ones. This egalitarian Act turned banks into charitable institutions
or arms of the welfare state. Banking lobbyists did nothing to stop
it because they feared being labeled “racist” by the “civil
rights’ groups.[1] I wrote back in February
2007 that America was insolvent.

Earlier
this year we had a young California couple move into a rental home in
our neighborhood which had been foreclosed in 2007 – one of the
first casualties. They told us their home had been foreclosed also.
He found work in Oregon so they moved back to be closer to their relatives.
About two months later, they were moving back to their California home.
When I inquired why, they told me their bank had contacted them and
had re-negotiated their loan. This was a number of months before the
mid-September financial meltdown began and the October surprise that
put an unelected fox Democrat Henry Paulson, Treasury Secretary in charge
of the chicken house. It’s been reported Paulson is worth $500
million. And who will the next president select as the “fox”
to carry out the process so hastily passed by both chambers and signed
by the President? I agree with Joan Veon, our Constitution
and sovereignty are kaput.

Off
and on we heard rumblings about the foreclosures. On or about September
17th the feathers supposedly hit the fan and we were told we had a Wall
Street financial crisis on our hands and if Congress didn’t pass
a “bailout” bill promptly, the whole U.S. would disappear
off the face of the earth. Pelosi called a few key Democrats into a
conference with Republican President George W. Bush, who wanted the
bailout. It sounded like a done deal. They had a bill drafted within
hours. As a former legal secretary, I know these types of documents
cannot be drafted that quickly unless they were preordained.

Republican
presidential candidate John McCain momentarily suspended his campaign
so he could go to Washington, D.C. Many thought our war hero would ride
back to Washington in an armored tank and throw a monkey wrench into
Bush’s and Pelosi’s plan of a quick fix to this alleged
astronomical problem. Due to pressure from we, the people, the first
House bill did fail so something had to be done to get a bill passed.
Did someone get the idea to quickly skim through earlier requests of
Congress that were in limbo so they could include these in the bill
to pacify Main Street as well as Wall Street? How often did you hear
about the wooden arrow request for an Oregon business? That business
did not request that money in the bailout package! So, we must wonder,
how many other such requests were stuffed into the Senate bill. Our
war hero McCain voted for the blackmail bailout with all the “earmarks”
for Main Street, which he says on the campaign trail he opposes. I said
in my last article, “Let ‘em Fall.” Sometimes the
forest has to burn for a clean start without all the “bugs”
and Washington and the banking system has been corrupt since the unconstitutional
Federal Reserve was created in 1913.

My
own September 27th local newspaper had a small sidebar, which stated:
Oregon received emergency assistance grants to buy foreclosures subject
to certain income guidelines - $19.6 million to be exact. That was the
same amount that Alaska and Idaho also received from the federal government’s
program to blunt the effects of the national wave of foreclosures. Washington
State got $28.2 million. Housing and Urban Development Secretary Steve
Preston said the “new” program was meant to help communities
facing the greatest need in the midst of the foreclosures. This newspaper
article appeared about ten days after we were told the sky was falling
so these grants must have been approved and had gone through the hopper
much earlier.

The
September 30 local newspaper’s editorial said: Don’t panic:
Financial recovery will come. It stated Oregon is relatively better
off than many states where housing speculation ran rampant; then the
market collapsed. And, of course, Salem, Oregon, is relatively better
off than many areas in Oregon thanks to the relatively stable job market
of state government and local officials’ efforts to attract a
diverse job base.

I
suspect the last statement in this editorial is true for every city
where the Capital is located. Government workers, unlike those in the
private sector, have job security and most of them retire as millionaires
and additional perks with huge pensions that far surpass others. Radio
talk show host, Glen Beck, who is on our local station from 6 a.m. to
9 a.m. said on Monday morning, September 29th something about unions
being factored into the “Bailout Bill” (the first one) thereby
transferring their pension obligation to the Federal government. However,
by the time Glen’s TV show went on the air at 4 p.m. (East coast
7 p.m.), apparently that had disappeared so no one really knew what
would be in the final bill.

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But
this I do know. The state Public Employee pensions (PERS) are in trouble
all over the U.S. so this request would not have surprised me in the
least. Things were moving so rapidly at the time, there was no way we
could trust what was posted on the Internet. There is profit in confusion!
When I heard how fast the initial bill had been drafted, my mind raced
back to the Patriot Act that had been drafted months or years earlier
and it was kept on some shelf gathering dust UNTIL 9/11 and suddenly
it was rushed through and got the President’s signature. Was this
a repeat scenario for this alleged financial crisis?

Is
it possible included somewhere in the final Bailout Bill we find some
PERS bailouts? Individual governmental entities such as city, county,
state, fire districts, schools, etc. are having to put aside 40% of
their budgets in Oregon just to be able to meet the retirement obligations.
Example: If a school district has a $1 million a month payroll, $400,000
of that goes to PERS. In addition, if the stock market fails to perform
and the account shows significant losses, the Oregon taxpayers must
cough up 8% to meet the promised minimum guarantee of the public employees.
Salem, Oregon has a stable workforce resting on the backs of those in
the private sector from the whole state.

People
like Congressman Ron Paul, who the GOP and media ignored in this Presidential
election, have been calling out the warning for years about a forthcoming
collapse of our money system since it was disconnected from gold under
Republican President Richard Nixon. It’s no surprise to them our
country is bankrupt and having to either print more fiat money, which
causes inflation, borrow from other countries or from the Federal Reserve
and then having to pay usury on the borrowed money. Usury is the habit
of loaning money at exorbitant interest rates.

The
Bible says Christians are to owe no man anything but the gift of love
but an international banking cartel has effectively employed ways to
take control of nations. The term “usury” comes from the
Hebrew “nashak” which means “the bite of the serpent.
Irresponsible individuals lacking in common sense took the bait and
bought houses they couldn’t afford or used credit cards with high
interest and soon found themselves being bitten by the serpent! And
the responsible people who are not delinquent on house payments have
been plunged into an abyss of indebtedness from whence I fear we will
not emerge. One delinquent debtor said if she knew the government would
bail her out, she’d have purchased a bigger house. Read my previous
article, "Build the Trough and They Will
Come". Please read Proverbs 28 about the wicked and righteous
– especially verse 8 about usury. In fact, I’d recommend
you read a Proverb a day. There are 31. You’ll have to read the
book The
Coming Battle, which explains usury and national banks on page 62.

Our
local paper said on September 30 that the pawnshops mirror troubled
times. Dateline: Portland, Oregon. Just before opening, cars drive up
to Silver Lining Jewelry & Loan, their owners clutching bags and
boxes of their past, their former slice of the American dream: rings,
paintings, things that were grandma’s which they hope to pawn
to fill their gas tank, feed a family and keep the lights on in their
homes which they once could afford. Coin dealers are likewise finding
customers at their doors waiting for them to open. While many are coming
to sell what they either accumulated earlier when times were good or
they inherited, others with discretionary funds are coming to buy gold
and silver that has been outperforming the stock market for a number
of years.

The
final bill included a FDIC guarantee from $100,000 to $250,000; however,

it
was noted way back in the early 1990s that the FDIC was nearly broke
and billions more was needed to pay for the 1991 Savings and Loan fiasco.
The 1968 book The Federal Reserve Conspiracy and Rockefeller by Emanuel
M. Josephson tells how the conspirators lured “peasants”
back to their banks (after the ’29 crash) with deposit insurance
(FDIC) which was to create confidence in their banks. The taxpayers
were required to furnish through the Treasury $150,000,000 (one hundred
and fifty million dollars) to the PRIVATE CORPORATION, in order to “ease
the burden” on the “Federal” Reserve swindlers and
no interest was paid by it to the Treasury for the use of the money.
At the end of fourteen years, the FDIC profits had become embarrassing
large so the initial financing was repaid to the Treasury. However,
Congress, required the Treasury to supply the conspirators’ FDIC,
whenever it may need it, with the sum of $3 billion, passed Public Law
363, Sec. 4. In short, the depositors insure their own deposits; and
the conspirators’ banks enjoy its business-getting benefits with
no diminution of their loot. (This sounds like the Public Employee Retirement
Systems) After the 1991 S& L scandal, banks had to raise fees on
checking and savings accounts. The Portland, Oregon Oregonian said the
FDIC borrowed $70 billion to protect depositors in failed banks.

Radio
host Rush Limbaugh opened his program by reading the preamble of the
U.S. Constitution: We, the People, in order to form a more perfect Union,
establish Justice, insure domestic Tranquility, provide for the common
defense, promote the general Welfare, and secure the Blessings of Liberty
to ourselves and our Posterity, do ordain and establish this Constitution
for the United States of America.

For
comparison, he then read Section 2 of the initial House version of Emergency
Economic Stabilization Act of 2008. Purpose: Provides authority to the
Treasury Secretary to restore liquidity and stability to the U.S. financial
system (dictatorship) and to insure the economic well being of Americans
(Socialism).

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But
I rather like the last portion of Section 1 in our Oregon Bill of Rights:
“… the people have at all times a right to alter, reform,
or abolish the government in such manner as they may think proper.”
Lack of confidence in our elected leaders is growing. Will some mysterious
person appear out of nowhere to rescue us from this mess?

Betty is a former Oregon Republican
party activist having served as state party secretary, county chairman,
5th congressional vice chairman and then elected chairman, and a precinct
worker for many years but Betty gave up on the two-party system in 2004
and joined the Constitutional Party.

People like
Congressman Ron Paul, who the GOP and media ignored in this Presidential
election, have been calling out the warning for years about a forthcoming
collapse of our money system since it was disconnected from gold under
Republican President Richard Nixon.